Average Price for property in Tyne & Wear is around £161,431 which varies based on type of property you are interested in and ranges from £294,267 for detached house to around £162,495 for semi-detached. Similarly terraced house is around £137,237 and a flat is worth £113,683. Values have been changing and have risen £431 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £80 in last 6 months, £8,277 in last 1 year, £12,165 in last 2 years, £17,369 in last 3 years, £12,475 in last 4 years and £11,560 in last 5 years.
Currently average asking price of a property in Tyne & Wear is around £178,194 based on approximately 11,401 properties for sale. Same is the case with rental options based on 6,773 properties up for rent, average asking rent is around £877 per month.
Estimated property value in Tyne & Wear is £161,431. Average asking price is £178,194 while average price paid is £154,642 which is up by £8,277 and Avg. asking rent £877.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Tyne & Wear area. In last 1 year alone average price buyer paid is around £154,642 based on approximately 11,401 sales in Tyne & Wear area alone. If you compare it to last 3 years sales of 33,418 properties where buyers paid around £150,065. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £149,294 for 53,353 and average amount paid for purchase of approx. 73,290 properties sold in last 7 years comes to about £149,052 per sale.